We’ll have to admit, Wise Income website looks quite good. The company did everything it could to convince you to invest.
However, we’ve found some concerning facts we wish to show you. Keep reading our detailed Wise-Income.com review and find out why this firm is not a wise investment opportunity.
| Regulated by: | Unregulated |
| Is This Company Safe? | It’s not safe |
| Known Websites: | wise-income.com |
| Have Warnings from: | FCA |
| Registered in: | UK |
| Operating since: | 2023 |
| Maximum Leverage: | N/A |
| Minimum Deposit: | N/A |
| Deposit Bonus: | Yes |
| Trading Assets: | Stocks, cryptocurrencies |
| Free Demo Account: | No |
| How to Withdraw from This Company? | Since this company is unlikely to return your money, you should contact your bank, or financial regulator or simply reach out to us for professional assistance in recovering your funds. |
Is Wise Income a Legitimate Investment Company?
Wise Income presents itself as a brand of Wise Income Limited registered in the UK. The company claims to have been in the business since 2013. However, their registration certificate shows the 16th of March, 2023, as the date of incorporation. And that’s just the first red flag.
In June 2023, the UK FCA issued an official warning against the company. They stated that the business is not authorized to provide financial services or products. Furthermore, if you fall victim, you cannot count on the assistance of the Financial Ombudsman or the FSCS compensation fund.
Now that it’s clear that you must avoid a Wise Income scam let’s move on and see what else regarding this company is bogus.
Who Are the Victims of the Wise-Income.com Scheme?
Wise-Income.com domain was registered in March 2023. This complies with the incorporation date and denies the claims of being in the business for 10 years.
The majority of their customers come from:
- Philippines,
- South Africa.
However, considering the FCA warning, we know they lurk for potential victims everywhere. Don’t be deceived, and don’t fall for a nice social media ad. Wise Income is not legit and has nothing to offer.
Trading Features – What Can I Invest In and How?
Wise Income doesn’t explain the investment process in too much detail. You need to deposit the money, but the minimum amount is not specified. Once you do so, you will receive your Wise Income login details and be able to access your investment account.
Investment Products
According to the website, this company specializes in two investment products:
- Stocks – Amazon, Apple, Microsoft
- Cryptocurrencies – BTC, BCH, USDT
However, they don’t provide a test Demo account where we would be able to confirm it and get more information about trading fees.
Wise Income Investment Plans
In its FAQ section, Wise Income mentions different tariff plans. You can open multiple accounts and choose different plans from each. Here are the “guaranteed passive income plans:”
- Up to 5.55% daily for 65 business days,
- 555% after 25 business days,
- 655% after 35 business days,
- 1,555% after 75 business days.
The main page advertises a VIP plan that allegedly returns 200% after 48h. Furthermore, the company plays on urgency, promoting limited slots for such an account. If we were unsure that this is a scheme before, now we’ve got our confirmation.
Affiliate Program – MLM Scam
Check out the affiliate program that irresistibly reminds us of an MLM scam. Namely, the company asks customers to bring in other clients, promising from 1% to 10% of bonus, depending on your level. Therefore, they directly motivate you to bring in more people and reach a higher level. Yet, we all know what happens when a Ponzi scheme collapses.
There’s a good reason why Tier 1 regulators, including here the FCA, prohibit bonuses and incentives. The main idea is to prevent multi-level marketing and to stop fraudulent investment companies from scamming their investors.
Wise Income Support and Help Center
The Wise Income support department is available through a website form and Telegram chat. Nowadays, scammers prefer to use Telegram as chats are encrypted and they can delete the entire conversation for all participants. That way, they can ensure that you have no chat once you want to report them.
Furthermore, the Help Center is not very helpful as it doesn’t answer main questions, such as minimum deposit and fees. Overall, it seems that Wise Income’s contact information doesn’t serve the purpose.
Available Withdrawal Options
Speaking of the Help Center, it does give us some insights into Wise Income withdrawal. The company accepts the following payment options:
- PerfectMoney,
- Payeer,
- EpayCore,
- NixMoney,
- PayPal,
- Debit/credit card,
- Cryptocurrencies.
According to the website, there are no withdrawal fees. The minimum withdrawal amount depends on the payment option, ranging from $0.10 to $20. However, reviews indicate that once you request a payout, the company will simply close your account and stop responding.
What to Do If I Was Scammed By Wise-Income.com?
Let us know if you were scammed by Wise Income, Morris Capitals, or any other investment company. Our chargeback experts and CipherTrace crypto analysts may help you with this matter and ensure you have prepared a detailed report for the relevant authorities.
Don’t let scammers keep your hard-earned money. Book a free, non-obligatory consultation today, and let’s begin!
FAQ Section
What Is Wise Income?
Wise Income is an unregulated investment company. If you have invested with the firm and have any issues with withdrawals, get in touch immediately.
Is Wise Income Available in the United States or the UK?
Wise Income is available in the UK, where it earned a regulatory warning for illicit business activities.
Does Wise Income Offer a Demo Account?
No, Wise Income doesn't offer a risk-free Demo account for its customers.